Examlex
What are three reasons that the interest-rate parity condition may not always hold?
Labor-Management Relations
The interactions between employees, often represented by unions, and employers regarding working conditions, pay, and other aspects of work.
Concession Bargaining
A negotiation process where labor unions agree to give up previous benefits in exchange for something else, often to avoid worse outcomes.
Decline of Manufacturing
Refers to the decrease in the production of goods in factories and the reduction of jobs in the manufacturing sector, often due to automation, globalization, and shifts towards a service-based economy.
National War Labor Board
A historical government agency established during wartime to resolve labor disputes and ensure efficient production and labor harmony.
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